So good news and bad news on the Gov't trying to create a crypto reserve....
The action would give the U.S. the "world's largest government cryptocurrency reserve," he acknowledged that some crypto bulls may be disappointed that the U.S. isn't buying bitcoin with taxpayer money, and rather just keeping bitcoin that's been seized from criminal enterprises.
"By declining to spend taxpayer funds on bitcoin at this time, the President avoids potential criticism or opposition from citizens or opponents who may try to paint this move as a 'gamble' with taxpayers' money," Rose said. "The government aims to make any additional bitcoin acquisitions 'budget neutral' therefore laying the foundation to find creative ways to add to the government's bitcoin reserve while maintaining their core focus of balancing the budget."
Link to Article:
The action would give the U.S. the "world's largest government cryptocurrency reserve," he acknowledged that some crypto bulls may be disappointed that the U.S. isn't buying bitcoin with taxpayer money, and rather just keeping bitcoin that's been seized from criminal enterprises.
"By declining to spend taxpayer funds on bitcoin at this time, the President avoids potential criticism or opposition from citizens or opponents who may try to paint this move as a 'gamble' with taxpayers' money," Rose said. "The government aims to make any additional bitcoin acquisitions 'budget neutral' therefore laying the foundation to find creative ways to add to the government's bitcoin reserve while maintaining their core focus of balancing the budget."
Link to Article:
